Although there wont be a flood of new markets available to independent agents, increased interest by carriers in the independent channel can translate into opportunity.
The economy is down, and fraud is upalong with consumer acceptance of fraudulent behavior. A best-practices approach requires using new and established tools and building a reputation for being aggressive in the fight against fraud. Four insurers reveal how theyre waging war against fraudsters.
For weeks on end in 2010, live footage of a ruptured pipeline spewing oil underwater in the Gulf of Mexico served as a 24/7 reminder of the potential for environmental devastation. Underwriters and brokers dealing with Environmental insurance initially feared the worst in terms of the disasters impact on the...
Environmental issues and green construction have a few points of intersection in the insurance marketplace. When it comes to risk exposure, green construction techniquesnew types of building materials, natural roof coverings, or even indoor water featureshave raised concerns about how those components might impact mold, air quality, and other...
Nowell Seaman, manager of risk management and insurance services for the University of Saskatchewan, says the schools focus on IT security is different today than just a few years ago.
While the bottom-line costs of a security breach may be high, William J. Montanez, director of risk management for Ace Hardware Corporation, says his company is more concerned about the type of loss that is difficult to measure in dollars.
While the bottom-line costs of a security breach may be high, William J. Montanez, director of risk management for Ace Hardware Corporation, says his company is more concerned about the type of loss that is difficult to measure in dollars.
John Phelps, director of business risk solutions at Blue Cross and Blue Shield of Florida (BCBSF), reports that while cyber crime is a concern, the companys biggest privacy worry is the unintentional release of private information by employees.
In order to compete in an intense buyers market for Cyber Liability insurance, both carriers and brokers are stressing the consulting role they can play in helping companies assess their risk.